EURUSD at fibonacci confluence
After establishing a nice retracement the Euro pushed into the 61.8% level and is setting up for a move back to the upside. There should be some backing and filling here and then when the London session gets under way the expectation is to see a push to the extensions in the 1.07 and 1.0744 zone. The stop loss is at 1.0515 thus giving a nice reward to risk.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.